Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (06/05/2008)
* FLINT, Mich. (6/6/08)--Security FCU, Flint, Mich., and Lapeer County (Mich.) Community CU announced Wednesday they plan to merge. The new credit union will be called Security CU. Terry Pierce, president/CEO of Security FCU, will serve as president/CEO of the combined credit union, which will be headquartered in Flint, and have assets of about $350 million. The merger will not cause job losses or office closings. Approval by regulators is expected in September. Troy Garvin, president/CEO of Lapeer, said that by merging, the credit unions will gain efficiencies and cost leveraged into member-focused products ... * SAN DIMAS, Calif. (6/6/08)--Donna Bland, Golden 1 CU senior vice president and chief financial officer, was appointed to a one-year term on Western Corporate FCU's (WesCorp) Supervisory Committee. She joins Darren Williams, Wescom CU CEO, and David Roughton, SAFE CU executive vice president and chief operating officer. Bland fills a seat vacated by Diana Dykstra, president/CEO of San Francisco Fire CU, who was elected to WesCorp’s board of directors ... * DENVER (6/6/08)--Kerry Spradling has been appointed as president/CEO at White Crown FCU, Denver, announced credit union board Chairman Tom Ferguson. Spradling has worked in the credit union industry for 17 years in top positions, said the credit union. His experience in lending and sustaining a sales and service culture will help shape the credit union's strategic direction. White Crown FCU has $47 million in assets and serves employees who work or live in downtown Denver ... * SAN DIEGO (6/6/08)--A member of Point Loma CU (PLCU), Stephen Stamper, threw a ceremonial first pitch at a San Diego Padres game May 9 courtesy of the San Diego-based credit union. “I stood on the pitcher’s mound to absorb the ambience of the occasion, then I moved 10 feet closer to home and managed to get the ball over the plate,” he said. Stamper, of Spring Valley, Calif., has been a PLCU member for 35 years. The first pitch ceremony was part of Family Fireworks night, presented by PLCU, which has worked with the Padres organization for several years. From left are Stamper’s wife, Stamper, and his son. (Photo provided by Point Loma CU) ... * ATLANTA (6/6/08)--Mike Killeen, a 28-year veteran of the Georgia Department of Banking and Finance and a supervisory manager for the second district, has been named new supervisory manager for Georgia's state-chartered credit unions. He succeeds Wayne Orr, who retired June 1 as supervisory manager of credit unions and banks. Orr had been supervisory manager since 1984 and joined the department in 1976 as an examiner … * SAN DIEGO (6/6/08)--An armed man--covered so well with a mask, gloves and hooded jacket that witnesses couldn't tell his age or race--cleaned out the vault and cash drawers at a branch of California Coast CU in San Diego Wednesday. The incident occurred at about 5 p.m. Armed with a pistol, he forced one teller to escort him to all the teller stations and the vault. He wore a Bluetooth earpiece and was heard asking, "Where's the van?" said police. He put the money in a large dark bag and left (Union-Tribune June 5) …


News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation
20 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.”
1 day ago
.@daytondailynews : The secret is out about #creditunions @DayAirCU @CODECreditUnion
1 day ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago